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COREPLUS FEDERAL CREDIT UNION

Mar, 31, 2022 — COREPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in NORWICH, CT with 7 branch locations and about $311.66 million in total assets. Opened 86 years ago in 1936, COREPLUS FEDERAL CREDIT UNION has about 27,314 members and employs 69 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211178598
Name:COREPLUS FEDERAL CREDIT UNION
Address:
(Main Office)
202 Salem Tpke
NORWICH, CT 06360
Phone:(860) 886-0576
Fax:(860) 885-3538
Website:http://www.coreplus.org
Branches:7 branch locations
Members:27,314
Credit Union Type:Federal Credit Union
Charter Number:1148
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$311,658,304
CEO/Manager:Nicholas K Fortson
Chairperson:Jean Swift

Call Report

  • Payday Alternative Loans (PAL Loans)
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 24,242,606
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 77,336,322
 Unsecured Loans 36,538,161
 Other Loans 111,779,458
 TOTAL LOANS 225,653,941
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -973,167
 Land And Building 2,602,508
 Other Fixed Assets 672,292
 NCUSIF Deposit 2,594,811
 All Other Assets 0
  TOTAL ASSETS 311,658,304
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 4,000,000
 Accounts Payable & Other Liabilities 1,757,978
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 57,495,937
 Regular shares 126,467,418
 All Other Shares & Deposits 100,457,099
  TOTAL SHARES & DEPOSITS 284,420,454
  TOTAL LIABILITIES 290,178,432
 Regular Reserve 0
 Other Reserves -97,815
 Undivided Earnings 21,577,687
  TOTAL EQUITY 21,479,872
  TOTAL LIABILITIES, SHARES, & EQUITY 311,658,304
INCOME & EXPENSE  
 Loan Income 2,090,639
 Investment Income 161,240
 Other Income 506,538
 Total Employee Compensation & Benefits 1,126,924
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,310,936
 Non-operating Income & (Expense) 2,006,951
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 144,464
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,496,640
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